A Preview Of Qorvo's Earnings

Qorvo, Inc. +1.48%

Qorvo, Inc.

QRVO

98.29

+1.48%

Qorvo (NASDAQ:QRVO) is set to give its latest quarterly earnings report on Wednesday, 2024-01-31. Here's what investors need to know before the announcement.

Analysts estimate that Qorvo will report an earnings per share (EPS) of $1.66.

Qorvo bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Past Earnings Performance

Last quarter the company beat EPS by $0.62, which was followed by a 2.66% drop in the share price the next day.

Here's a look at Qorvo's past performance and the resulting price change:

Quarter Q2 2024 Q1 2024 Q4 2023 Q3 2023
EPS Estimate 1.77 0.15 0.13 0.63
EPS Actual 2.39 0.34 0.26 0.75
Price Change % -2.66% -0.25% 0.4% -5.78%

eps graph

Stock Performance

Shares of Qorvo were trading at $103.7 as of January 29. Over the last 52-week period, shares are down 10.12%. Given that these returns are generally negative, long-term shareholders are likely upset going into this earnings release.

To track all earnings releases for Qorvo visit their earnings calendar on our site.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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